Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 95.2% | 23.5% | 12.3% | 4.6% | 6.4% | 0.9% | 6.4% |
| EBITDA margin % | 2.1% | -2.9% | -12.3% | 5% | 1.8% | 2.2% | -1.6% | 1.8% |
| EBIT margin % | 1.9% | -3.3% | -20.5% | 4.7% | 1.5% | 2% | -1.8% | 1.6% |
| PAT margin % | 0.6% | 0.4% | -47.4% | 3.9% | 0.6% | 0.2% | -2.4% | 0.3% |
| Working capital | ||||||||
| Receivable days | 8 | 14 | 12 | 94 | 10 | 11 | 24 | 20 |
| Inventory days | 72 | 27 | 18 | 149 | 37 | 46 | 32 | 162 |
| Payable days | 53 | 2 | 0 | 245 | 0 | 0 | 1 | 205 |
| NWC days | 27 | 39 | 30 | -2 | 47 | 57 | 55 | -23 |
| Leverage | ||||||||
| Current ratio | — | — | 0.18 | 1.37 | 1.18 | 4.45 | 1.58 | 1.11 |
| Debt to EBITDA | — | — | — | 1.74 | 9.86 | 1.49 | — | 3.1 |
| Debt to equity | — | — | 0.11 | 0.12 | 0.36 | 0.08 | 0.42 | 0.23 |
| Interest coverage | 1.9 | 3.9 | -2 | 9.4 | 2.1 | 1.1 | -1.2 | 1.3 |
| Asset turnover | 1.43 | 1.09 | 0.07 | 0.7 | 1.51 | 2.2 | 2.8 | 1.17 |
| Return ratios | ||||||||
| Return on assets % | 0.8% | 0.4% | -3.1% | 2.7% | 1% | 0.3% | -6.6% | 0.4% |
| Return on capital employed % | 3.4% | 0.7% | -1.1% | 7% | 4.4% | 8.8% | -6% | 7.9% |
| Return on equity % | 1% | 0.4% | -3.5% | 5.3% | 1.3% | 0.4% | -9.4% | 1.3% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.